All Finance articles – Page 302
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NewsItalian food group Newlat enters £100m race for Hovis
Listed Italian food group Newlat Food has confirmed to the stock market it has made an offer to buy UK bakery brand Hovis
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NewsCrowdcube and Seedrs to merge in crowdfunding consolidation
Crowdfunding platforms Crowdcube and Seedrs have agreed a merger, creating one of the world’s largest private equity marketplaces
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NewsAround Noon expands into healthy ready meals with Simply Fit Food deal
Northern Irish food-to-go supplier Around Noon has acquired healthy ready meal maker Simply Fit Food in attempt to diversify its offering after the coronavirus pandemic hit the sandwich market.
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NewsOlly’s lands £500k investment to push NPD after lockdown sales surge
The half a million-pound sum came mostly from an angel investor with an fmcg background
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NewsCity Snapshot: Profits slump at Greencore but demand for food-to-go returning
Profits have slumped 40% at Greencore as the coronavirus crisis pushed up costs and saw revenues nosedive, but food-to-go demand started to return in the fourth quarter. And Italian food group Newlat Food has proposed an acquisition of bread maker Hovis.
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NewsMedia Bites 5 Oct: Asda, Waitrose/Ocado, Hovis
The papers this weekend have plenty of reactions to Asda being “back in British hands” after the £6.8bn deal was announced on Friday.
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News@Pizza raises £1m to launch restaurants and drive-thrus
The business will use the funding to fit out shipping containers to replicate its two bricks & mortar restaurants in Birmingham and Edinburgh
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NewsFDF report reveals effect of pandemic on food & drink exports
Year-on-year exports fell by 13.8% to £9.7bn in the first half of 2020
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NewsGrenade sales surge past £50m on 37% annual growth
Sports nutrition player Grenade continued its stellar sales growth last year, although profits fell back a fifth as it invested in growth.
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NewsVevolution to set up investment platform for plant-based startups
An investment platform bringing together plant-based entrepreneurs and angel investors will launch next month, with a £100k investment prize for startups in the space.
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Analysis & FeaturesWhy does EG Group want to buy Asda and what will it do with it?
The deal with TDR Capital and the Issa brothers would put raw entrepreneurship and ambition in the driving seat at Asda
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Comment & OpinionAsda EG Group combo will reverberate through the grocery sector
With combined sales of £40bn, it will be the UK’s second-biggest retailer (by sales)
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NewsOnline marketplace software firm Mirakl reveals UK expansion plan
The French company has set its sights on UK grocers and will create 40 new jobs by 2022
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NewsCity snapshot: UK food and drink exports fall for first time since 2015
Food and drink exports have fallen for the first time since 2015 as a result of coronavirus disruption, an FDF report has shown.
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NewsMedia Bites 2 October: Ocado, Tesco, PepsiCo
Ocado’s strategy of selling its grocery knowhow worldwide is under threat after a Norwegian rival claimed it has copied its technology and infringed its patents
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NewsCity snapshot: Britvic sells three French bottling facilities to Refresco
Britvic has confirmed this morning it has completed the sale of its juice assets in France to European bottling giant Refresco.
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NewsMedia Bites 1 October: Tesco, Ocado, Morrisons, Compass Group
Ken Murphy replaces Dave Lewis at Britain’s biggest supermarket today and faces investors next week.
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NewsCompass Group performance improves as customers reopen
Catering giant Compass Group’s performance improved towards the end of its financial year, but organic revenues remain down 36% in its fourth quarter.
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Comment & OpinionTesco’s ‘tricks’ and the ‘joy of six’: what we learned from Aldi chief’s results presentation
Aldi may have taken a blow to its market share, but UK & Ireland CEO Giles Hurley is confident it can weather the Tesco price war and threat of Covid restrictions at Christmas
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NewsCity Snapshot: Shop prices continue to fall as food inflation eases
Shop prices fell by 1.6% in September as retailers cut prices to encourage spending and food price inflation continues to ease. Plus, trading at Compass Group improves as establishments reopen and all the rest of the latest news from the City.